(04 SEPTEMBER 2017)SILVER (in USD):Bulls take-out resistance at 17.75.

(04 SEPTEMBER 2017)SILVER (in USD):Bulls take-out resistance at 17.75.

4 September 2017, 14:30
Jiming Huang
0
24

sl


Bulls take-out resistance at 17.75.

(By Peter Rosenstreich)

• Silver has broken its key resistance at 

17.75 opening the way for a test of the strong 

resistance at 18.65 (17/04/2017 high) while 

support can be found at 16.58 (15/08/2017 high). 

The commodity lies in an uptrend channel. 

Expected to show another leg higher. 

• In the long-term, the trend is rater negative. 

Further downsides are very likely. Resistance is 

located at 25.11 (28/08/2013 high). Strong 

support can be found at 11.75 (20/04/2009).

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